🔴 BHP Group Limited is trading 3.1% down today after Jansen potash budget hike and US$2.3 billion impairment

BHP Group Limited is trading 3.1% down at $63.02 following the announcement of a significant budget increase for its Jansen potash project and a multi-billion dollar impairment charge.

• The company has lifted the Stage 2 budget for the Jansen potash project to US$6.9 billion and flagged a non-cash impairment of US$2.3 billion.
• Broader market sentiment is also weighing on the stock, with risk assets under pressure as Bitcoin and Ethereum both fell more than 2.5% since the prior close.